WBEZ | Economic Recovery http://www.wbez.org/tags/economic-recovery Latest from WBEZ Chicago Public Radio en Paul Krugman on How to Fix the Economy http://www.wbez.org/series/chicago-amplified/paul-krugman-how-fix-economy-105594 <p><p>The success of President Obama&rsquo;s next term in office hinges on American economic revival&mdash;strengthening the labor market and addressing the persistent fiscal problems that threaten to move the country back into recession. Unemployment may be trending down, but it remains at levels that would have been inconceivable not long ago&mdash;at levels that <strong>Paul Krugman</strong> argues are unconscionable and unnecessary today.</p><div>In a partisan age with a gridlocked Congress, how can American leadership address the forces that are impeding economic growth? What kinds of policies are needed to restore full employment? Paul Krugman will presented in front of a sold-out audience and outlined recommendations for US economic recovery and described the fundamental steps on how to fix the economy.</div><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F79840710" width="100%"></iframe></p><div>&nbsp;</div><div><div class="image-insert-image "><img alt="" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/CCGA-webstory_5.jpg" title="" /></div><div class="image-insert-image ">Recorded Thursday, January 30, 2013 at&nbsp;The Fairmont Chicago</div></div><p>&nbsp;</p></p> Wed, 30 Jan 2013 15:59:00 -0600 http://www.wbez.org/series/chicago-amplified/paul-krugman-how-fix-economy-105594 The road to an economic recovery, even the experts aren&#039;t so sure http://www.wbez.org/ltalleyatcpr/2009/08/building-on-a-recovery-even-the-experts-arent-so-sure/7387 <p>The Wall Street Journal today <a href="http://online.wsj.com/article/SB124984512901117509.html" target="_blank">reports</a> the U.S. job market may bounce back quicker than in past recessions. That's because, unlike the 1990-91 and 2001 downturns, a big chunk of job losses have come from the service-related industries that now lead U.S. employment. <blockquote>Firms were unusually aggressive in cutting costs and cutting employment. The flip side of that remains to be seen, but it could mean that companies will be quicker to bring back people because they were more aggressive about getting rid of them. - James O'Sullivan, an economist with UBS</blockquote> Comerica Bank economist Dana Johnson told the WSJ jobs could rebound quicker because it looks like the economy will also bounce back as it recovers, but an <a href="http://www.forbes.com/2009/08/04/unemployment-bernanke-congress-business-washington-oxford.html" target="_blank">article from Forbes</a> isn't as optimistic. Forbes says high unemployment could hinder recovery for consumption, credit and housing. Forbes considers the jobless recovery after the 2001 economic slump a good indicator that there could be another one following this recession. The article says this could be more likely because of companies' tendency to cut back employees' hours and rely more on part-time workers. <blockquote>The U.S. unemployment rate has already risen to a level that is reminiscent of that in the 1981-'82 economic recession, and is likely to move higher and remain in double digits throughout 2010. This will prevent a rapid economic rebound, and is likely to heighten calls for a second fiscal stimulus package. -- Forbes</blockquote> <a href="http://www.reuters.com/article/gc04/idUSTRE57239W20090803" target="_blank">Reuters reports</a> similar jobless recovery findings, but also points out some good news for Midwesterners. The article says nine Midwest and South-Central states showed economic growth for the first time in almost a year. <blockquote>Readings over the past several months indicate that the regional economy is on the mend. I expect the nine-state region to record positive growth, but with little or no job additions for the rest of 2009. - Creighton University Economics Professor Ernie Goss</blockquote></p> Mon, 10 Aug 2009 15:53:00 -0500 http://www.wbez.org/ltalleyatcpr/2009/08/building-on-a-recovery-even-the-experts-arent-so-sure/7387